The Biden administration’s release of crude from U.S. emergency reserves in an effort to cool oil’s rally is going into a second round, with bids due by the first working day of the year. SourceContinue Reading

Tight U.S. Oil Inventories Prop Up Oil Prices | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Dec 19, 2021, 6:00 PM CST Robust gasoline demand and tight crude oil inventories...Continue Reading

Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output to 1.4 million barrels a day by mid-2022. SourceContinue Reading

Everyone may be back to watching the daily number of coronavirus cases as the omicron variant spreads through Europe, but the energy market is focusing on a more traditional gauge of worry: the temperature. SourceContinue Reading

Maersk Drilling extended a drilling agreement with Aker BP ASA in a $1 billion five-year contract, securing a major revenue source. SourceContinue Reading

European supermajors TotalEnergies SE and Royal Dutch Shell Plc will join Brazil’s state-controlled oil giant at two key fields, marking the latest expansion in Latin America’s largest crude producer and an important victory for President Jair Bolsonaro. SourceContinue Reading

Cyber Pirates Could Hold The Renewable Revolution For Ransom | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Dec 19, 2021, 4:00 PM CST Cybersecurity risks to critical infrastructure came to the forefront...Continue Reading

Why Ted Cruz Wants Bitcoin Miners In The Lone Star State | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Dec 19, 2021, 12:00 PM CST Crypto-miners are...Continue Reading

Electric Cargo Planes: The Next Stage Of Amazon’s Delivery Transformation | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Dec 18, 2021, 6:00 PM CST Experts are predicting that air taxis could be closer to becoming a reality as...Continue Reading

By ZeroHedge – Dec 18, 2021, 4:00 PM CST General Motors President Mark Reuss spoke with CNBC’s Phil LeBeau during “Squawk on the Street” about the first shipments of its GMC Hummer EV to customers.  The Hummer EV is an impressive vehicle, with claims of up to 1,000 horsepower, able to rocket the truck from 0-60 mph...Continue Reading